PLL

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Overview
Forecast
Valuation

High

6.890

Open

6.890

VWAP

6.73

Vol

177.95K

Mkt Cap

146.82M

Low

6.640

Amount

1.20M

EV/EBITDA(TTM)

Total Shares

19.37M

112.00M

EV/OCF(TTM)

P/S(TTM)

1.31

Piedmont Lithium, Inc. is engaged in developing a multi-asset, integrated lithium business. It supplies lithium hydroxide to electric vehicles and battery manufacturing supply chains in North America. Its projects include its Carolina Lithium and Tennessee Lithium projects in the United States. Tennessee Lithium is a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee. Carolina Lithium is a proposed, fully integrated spodumene concentrate-to-lithium hydroxide project in Gaston County, North Carolina. Its project portfolio includes strategic investments in lithium assets in Quebec, Canada and Ghana, West Africa. Carolina Lithium is located within a resource in the Carolina Tin-Spodumene Belt and is being designed as a fully integrated project with mining, spodumene concentrate production, and lithium hydroxide manufacturing on a single site in Gaston County, North Carolina. It is also engaged in permitting activities with state and local representatives.

1 Analyst Rating

23.32% Upside

Wall Street analysts forecast PLL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLL is 8.25 USD with a low forecast of 8.25 USD and a high forecast of 8.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

1 Hold

0 Sell

Hold

23.32% Upside

Current: 6.690

Low

8.25

Averages

8.25

High

8.25

23.32% Upside

Current: 6.690

Low

8.25

Averages

8.25

High

8.25

Roth MKM

Joe Reagor

Hold

Maintains

$13 → $8.25

2025-02-21

Reason

Roth MKM

Joe Reagor

Price Target

$13 → $8.25

2025-02-21

Maintains

Hold

Reason

Roth MKM lowered the firm's price target on Piedmont Lithium to $8.25 from $13 and keeps a Neutral rating on the shares. The company's Q4 results were uneventful, though weak lithium market conditions continue to put pressure on lithium equities, the analyst tells investors in a research note. Despite record EV sales, the lithium market clearly remains oversupplied resulting in weak lithium prices across the board, Roth adds.

BMO Capital

Greg Jones

Hold

Maintains

$9.5 → $14

2024-11-29

Reason

BMO Capital

Greg Jones

Price Target

$9.5 → $14

2024-11-29

Maintains

Hold

Reason

BMO Capital raised the firm's price target on Piedmont Lithium to $14 from $9.50 and keeps a Market Perform rating on the shares following the announced merger with Sayona. The firm views the deal "positively" as it simplifies the NAL ownership/offtake structure, provides a path forward for potential brownfield expansion at NAL, and creates a larger-scale multi-asset company, the analyst tells investors. Given the interconnectedness of the NAL joint venture and offtake structure, Sayona and Piedmont are "the logical parties to consolidate the asset" and the firm views "potential interloper risk as low," the analyst added.

Macquarie

Austin Yun

Sell

Hold

Upgrades

$14

2024-11-21

Reason

Macquarie

Austin Yun

Price Target

$14

2024-11-21

Upgrades

Sell

Hold

Reason

Macquarie analyst Austin Yun upgraded Piedmont Lithium to Neutral from Underperform with a $13.50 price target after Piedmont and Sayona Mining announced the signing of a definitive agreement to combine the two companies to create a lithium business, resulting in Sayona being the ultimate parent entity.

Roth MKM

Joe Reagor

Strong Buy

Reiterates

$40 → $31

2024-10-30

Reason

Roth MKM

Joe Reagor

Price Target

$40 → $31

2024-10-30

Reiterates

Strong Buy

Reason

BMO Capital

Greg Jones

Hold

Maintains

$8.5 → $9

2024-10-29

Reason

BMO Capital

Greg Jones

Price Target

$8.5 → $9

2024-10-29

Maintains

Hold

Reason

BMO Capital raised the firm's price target on Piedmont Lithium to $9 from $8.50 and keeps a Market Perform rating on the shares. The company's Q3 shipments of 31.5 kt were in line with guidance of 30-34kt, but while Piedmont currently receives offtake volumes from the producing NAL mine in Quebec and has ambitions to become an integrated supplier of lithium hydroxide to the North American battery supply chain, there is uncertainty around the funding plans and development timeline for its U.S. business, the analyst tells investors in a research note.

JP Morgan

Bill Peterson

Hold

Sell

Downgrades

$9 → $8

2024-10-21

Reason

JP Morgan

Bill Peterson

Price Target

$9 → $8

2024-10-21

Downgrades

Hold

Sell

Reason

JPMorgan downgraded Piedmont Lithium to Underweight from Neutral with a price target of $8, down from $9. While lithium prices have likely found a bottom and 2025 could prove to be balanced from a supply/demand perspective, the following years could revert to surpluses, the analyst tells investors in a research note. Hence, the firm remains cautious on lithium fundamentals over the next few years before expected deficits exiting the decade. The downgrade of Piedmont Lithium reflects expectations that weak lithium prices will continue to pressure earnings for the next several years.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Piedmont Lithium Inc (PLL.O) is -2.43, compared to its 5-year average forward P/E of -19.47. For a more detailed relative valuation and DCF analysis to assess Piedmont Lithium Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-19.47

Current PE

-2.43

Overvalued PE

36.67

Undervalued PE

-75.61

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

6.20

Current EV/EBITDA

-3.68

Overvalued EV/EBITDA

118.68

Undervalued EV/EBITDA

-106.27

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

130.29

Current PS

1.36

Overvalued PS

507.28

Undervalued PS

-246.69